Thursday, January 02, 2014

Freedom of the Press Ain't What It Used to Be

Last month I wrote about Obama's blocking photographers accredited to the White House from having the access it had under previous presidents. This month we learn that it requires requests under the Freedom of Information Act to learn who our financial officials are seeing and dealing with

The Treasury Secretary has not revealed his schedule for the last six months although the Treasury website says that the calendars “are generally posted every quarter.”  Could it be because he met with some of his Wall Street friends?

Federal Reserve Chairman Bernanke has not been as forthcoming as Lew; his schedule has been private since he first took office in 2006. Yet in November he said, “In my remarks, I will discuss how the Federal Reserve’s communications have evolved in recent years and how enhanced transparency is increasing the effectiveness of monetary policy. Despite the challenges inherent in communicating in an unprecedented economic and policy environment about a future that can be only imperfectly foreseen, I will explain why I believe that policy transparency remains an essential element of the Federal Reserve’s strategy for meeting its economic objectives…”

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